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Transforming productivity for the global chemical industry with compliant cargo protection

Every year, 700 million tons of cargo is shipped worldwide, 90% by sea. Transporting this volume around the globe carries significant and inherent risks. Research shows that 65% of all damage incidents are due to poor packing. Businesses incur costs of over $50 billion [1] a year from cargo loss.

It should therefore be an absolute priority for shippers to comply with all relevant legislation. For example, the CTU-Code is specifically referenced within the legally binding IMDG-Code regarding the shipment of dangerous goods. But at Cordstrap, we’re aware that standardized national and global regulations are not always consistently applied.

Key issues with ensuring shipping protection

We have provided partnership in shipping protection to the chemical industry for over 50 years. The conversations we have on a daily basis with many different people in the sector have identified some key issues that supply chain and logistics professionals need to be aware of:

  • Operators and dockworkers often lack proper knowledge of cargo securing regulations. And even when adequate, they often get sidelined by daily operational pressures.
  • There is a constant trade-off between customer satisfaction and brand image on one hand and cost of being compliant on the other.
  • For multi-site locations there is often friction between HQ policy and local implementation.
  • If a 3PL supplier is handling securing and transportation of goods, this can create tension with the manufacturer – who wants to lower cost in order to support competitive prices for their products. 3PL’s then find it hard to comply with rules and regulations – with all the risks that this entails during transport.   

Delivering compliance, driving out complexity

The key to ensuring that these issues do not develop into a major problem is to deliver complete compliance with all local and global legislation regarding cargo securing. Which brings the additional benefit of transforming the supply chain with significant improvements in time and cost efficiency.

The first step is to standardize operating procedures for all cargo protection solutions. This reduces errors, waste and returns. Cordstrap’s proven, regulated solutions for every securing application allow our customers to make more informed decisions that can transform their business efficiency, and drive out complexity in the supply chain.

Once these standards are in place, they must be applied uniformly in all markets. Cordstrap’s global team of chemical cargo protection experts in more than 50 countries partner companies to diagnose the specific solutions they need, consult on their implementation and provide industry-leading products and training at a local level. Ensuring a uniform worldwide experience and compliance with all local, as well as global, legislation. With no ambiguity in the interpretation of those requirements, thus minimizing workload and ensuring peace of mind.

Get in touch

To talk to a Cordstrap chemical cargo protection expert and discuss how compliant cargo securing could transform your supply chain and enhance business productivity, click here.

 

[1] National Cargo Security Council (NCSC)

Keeping the world’s Cargo safe

Cordstrap have specialists in over 50 global locations

Cordstrap by Industry

Providing physical insurance to the world’s major industries

50 years of Experience

Delivering cargo security solutions